Tecogen (NYSEAMERICAN:TGEN) Posts Quarterly Earnings Results

Tecogen (NYSEAMERICAN:TGEN) announced its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $6.34 million for the quarter. Tecogen had a negative net margin of 37.15% and a negative return on equity of 46.27%.

Tecogen Stock Performance

NYSEAMERICAN:TGEN traded up $1.05 during midday trading on Thursday, hitting $6.12. 1,463,788 shares of the company traded hands, compared to its average volume of 525,146. Tecogen has a 12-month low of $1.94 and a 12-month high of $12.07. The firm has a market capitalization of $183.02 million, a PE ratio of -18.52 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 3.12.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TGEN shares. Craig Hallum started coverage on Tecogen in a research note on Monday, April 13th. They set a “buy” rating and a $6.00 price objective for the company. Northland Securities began coverage on Tecogen in a research report on Thursday, April 2nd. They set an “outperform” rating and a $4.50 target price for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $5.25.

Insiders Place Their Bets

In related news, Director Susan B. Hirsch purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were bought at an average price of $2.54 per share, for a total transaction of $25,400.00. Following the acquisition, the director owned 260,416 shares of the company’s stock, valued at approximately $661,456.64. This represents a 3.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders acquired 50,723 shares of company stock worth $107,101. Corporate insiders own 12.70% of the company’s stock.

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.